eBay (EBAY - Get Report) said Friday it will launch a strategic review of its business, with a focus on StubHub and its online classifieds business, following pressure from activist investors such as Elliott Management and Starboard Value.

eBay said it would also look at it existing businesses from an operating point of view, as well as looking at strategic alternatives for some of its various divisions, and will add two new people to its board of directors: Jesse Cohn of Elliot and Matt Murphy of Marvel Technology.

"A split would be very, very good," said Jim Cramer in his live show with TheStreet. He believes that eBay's assessment and possible split from StubHub could be beneficial for eBay. 

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